SAP FICO Interview Questions on Company Code

Company includes one or more company codes (CC). Company in sap is created to draw individual balance sheet based on the legal requirements of the country where it is registered. Company is the group under which CCs are created for consolidation of financial accounts.

CC is created within a company to allow transactional posting to it and for which separate financial statements can be created. It’s created to consolidate subsidiary’s financial statements or any financial statement which has been created under any law.